The Redcar Brook Company Limited 30/09/2019 iXBRL
The Redcar Brook Company Limited 30/09/2019 iXBRL
Company registration number:
04904115
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Unit 8, Acorn Business Park | ||
Woodseats Close | ||
Sheffield | ||
S8 TB | ||
Bankers |
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Church Street | ||
Sheffield | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Redcar Brook Company Limited
Year ended 30 September 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Redcar Brook Company Limited for the year ended 30 September 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of The Redcar Brook Company Limited, as a body, in accordance with the terms of our engagement letter dated 13 November 2017. Our work has been undertaken solely to prepare for your approval the financial statements of The Redcar Brook Company Limited and state those matters that we have agreed to state to the board of directors of The Redcar Brook Company Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Redcar Brook Company Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Redcar Brook Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Redcar Brook Company Limited. You consider that The Redcar Brook Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Redcar Brook Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
Unit 8, Acorn Business Park
Woodseats Close
Sheffield
S8 TB
16 December 2020
Statement of financial position
30 September 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 December 2020
, and are signed on behalf of the board by:
Director
Company registration number:
04904115
Notes to the financial statements
Year ended 30 September 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 8, Acorn Business Park, Woodseats Close, Sheffield, S8 0TB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2018:
2
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5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 October 2018 |
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Additions | - | - |
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Disposals | - | - |
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At 30 September 2019 |
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Depreciation | |||||
At 1 October 2018 |
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Charge for the year |
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Disposals | - | - |
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At 30 September 2019 |
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Carrying amount | |||||
At 30 September 2019 | - |
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At 30 September 2018 |
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6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 October 2018 and 30 September 2019 |
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Impairment | |||
At 1 October 2018 and 30 September 2019 | - | - | |
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Carrying amount | |||
At 30 September 2019 |
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At 30 September 2018 |
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7.
Debtors
2019 | 2018 | |||
£ | £ | |||
Other debtors |
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8.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2019 | 2018 | |||
£ | £ | |||
Other creditors - Long term director's loan |
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2019 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2018 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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This loan is non-interest bearing and is repayable on demand.